Summary
The meeting primarily focused on the presentation of the 2025 Amended Budget Proposal and the 2026 Proposed Budget. Key financial figures were discussed, including projected revenues, expenditures, and adjustments in various funds. Committee members were tasked with reviewing the proposals in preparation for decision-making in subsequent meetings.Financial Summary
- **Total Sewer Fund Revenues:** Decrease from $715,943 (2023) to $511,400 (2025 Amended). - **Total Sewer Fund Expenditures:** Increase from $337,358 (2023) to $282,278 (2025 Amended). - **Proposed Total Marina Fund Revenues:** Projected at $642,700 for 2026. - **Marina Fund Expenditures**: Remaining stable around $904,349 for 2026. - **General Fund Adjustments**: Expected increases to $8,000 and $8,000 for 2025 and 2026 respectively. - **Capital Improvements**: Significant allocations noted, $261,000 in 2025 reduced to $209,000 in 2026.Action Items
- Review the 2025 Amended Budget Proposal and the 2026 Proposed Budget by committee members. - Provide feedback and prepare for subsequent meetings to finalize budgetary decisions. - Consider adjustments based on the fluctuation in revenues from permits and fees, particularly for Parks and Public Works.Each committee member is expected to report back with insights and potential recommendations by the next scheduled meeting.